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Residual Income Washington Company has two divisions: the Adams Division and the Jefferson Division. The...

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Residual Income Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to last year's results: Adams Division Jefferson Division Net (after-tax) income $713,900 $327,600 Total capital employed 4,360,000 3,412,500 In addition, Washington Company's top management has set a minimum acceptable rate of return equal to 7% Required: Enter negative values as negative numbers. 1. Calculate the residual income for the Adams Division 2. Calculate the residual income for the Jefferson Division

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